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Suspicious Clone
Score
1.25 /10
Danger
RENHE
1-2 yearsSuspicious Regulatory License
High potential risk
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Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index4.99
Risk Management Index0.00
Software Index4.00
License Index0.00
Time Machine
Website
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
4
Previous Detection :
2024-11-12
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The BahamasSCB regulation (license number: SIA-F211) claimed by this broker is suspected to be clone. Please be aware of the risk!
WikiFX Verification
Note: RENHEs official website: https://www.renhetrade.com/ is currently inaccessible normally.
| RENHE Review Summary | |
| Founded | 2022 |
| Registered Country/Region | United Kingdom |
| Regulation | Suspicious clone under the Securities Commission of The Bahamas (SCB), license number SIA-F211 |
| Market Instruments | Forex, Commodity, Index, CFD |
| Demo Account | / |
| Leverage | Up to 100:1 |
| Spread | Low, not mentioned |
| Trading Platform | MetaTrader 4 (MT4) |
| Min Deposit | / |
| Customer Support | - Telephone: +86 01021789630 |
| - Email: cs@renhetrade.com | |
| - Registered Address: 41 Devonshire Street Ground Floor Office 1, London, W1G 7AJ, UK | |
| - Business Address: 1-1301, Jiukeshu, Cuijingbeili, Tongzhou District, Beijing, China | |
RENHE Information
RENHE promises to offer Forex, commodities, indices, and CFDs on MetaTrader 4 (MT4). It gives traders 100:1 leverage to maximise returns. RENHE has a suspicious Securities Commission of The Bahamas clone licence.
Pros and Cons
| Pros | Cons |
| Multiple Market Instruments | Suspicious clone SCB License |
| No Commission Charges | Website inaccessible |
| MT4 Trading Platform | Limited fee information |
Is RENHE Legit?
The Bahamas Securities Commission considers Renhe Financial Services Limited a suspicious clone. This indicates that the entity is faking a regulatory licence. Renhe Financial Services Limited presented SIA-F211, reported to be a Bahamas Securities Commission retail forex licence. This licence is fake and does not have Bahamas regulatory control.
| Regulatory Status | Suspicious clone |
| Regulated by | Securities Commission of The Bahamas |
| Licensed Institution | Renhe Financial Services Limited |
| Licensed Type | Retail Forex License |
| License Number | SIA-F211 |
What Can I Trade on RENHE?
RENHE provides trading in Forex, commodities, indices, and CFDs among other asset classes.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Crypto | ❌ |
| CFD | ✔ |
| Indices | ✔ |
| Stock | ❌ |
| ETF | ❌ |
Account Types
RENHE provides live trading accounts but has not stated the specifics or categories for any other accounts. It limits flexibility for many trading purposes by excluding Islamic (swap-free) account alternatives and demo accounts.
Leverage
With leverage up to 100:1, RENHE lets traders control bigger positions with less capital needed. High leverage should be used by traders carefully since it may cause capital to be rapidly depleted.
RENHE Fees
RENHE promises minimal spreads and does not impose commission fees on trades, therefore lowering client total trading expenses. Their cost-effectiveness is difficult to evaluate, though, since particular charge structures for spreads, commissions, and swap rates are not clearly stated.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for what kind of traders |
| MT4 | ✔ | Desktop, Mobile (iOS/Android) | Traders who prefer a standard platform for flexibility |
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